In a groundbreaking move, OpenAI, renowned as ChatGPT, is in discussions to offer shares to its employees.
This development propels OpenAI’s valuation to a staggering $86 billion, firmly establishing it as one of the world’s most valuable private companies, as per a report from Bloomberg.
With Microsoft holding a commanding 49% stake in OpenAI, the company is poised to surpass expectations by generating an impressive $1.3 billion in annual revenue.
The primary revenue driver?
Subscriptions to the widely popular ChatGPT Plus service.
This translates to a jaw-dropping potential of over $100 million in monthly revenue.
However, due to the significant costs associated with training and deploying large language models, OpenAI foresees a delay in achieving profitability in the near future.
Consequently, the company is anticipated to persist in fundraising efforts to cover the substantial computing expenses involved in the continued development and upkeep of its advanced AI systems.
This dynamic shift not only marks a significant milestone for OpenAI but also highlights the immense potential and demand for advanced language models in the evolving landscape of artificial intelligence.